Craig McCaw: Difference between revisions

Content deleted Content added

Inline

Revision as of 04:45, 25 July 2007

This is a copyrighted image that has been released by a company or organization to promote their work or product in the media, such as advertising material or a promotional photo in a press kit.

The copyright for it is most likely owned by the company who created the promotional item or the artist who produced the item in question; you must provide evidence of such ownership. Lack of such evidence is grounds for deletion.

It is believed that the use of some images of promotional material to illustrate:

the person(s), product, event, or subject in question;
where the image is unrepeatable, i.e. a free image could not be created to replace it;
on the English-language Wikipedia, hosted on servers in the United States by the non-profit Wikimedia Foundation;

qualifies as fair use under Copyright law of the United States. Any other usage of this image, on Wikipedia or elsewhere, might be copyright infringement. See Wikipedia:Non-free content and Wikipedia:Publicity photos.

Additionally, the copyright holder may have granted permission for use in works such as Wikipedia. However, if they have, this permission likely does not fall under a free license.

Warning sign

Please note that our policy usually considers fair use images of living people that merely show what they look like to be replaceable by free-licensed images and unsuitable for the project. If this is not the case for this image, a rationale must be provided proving that the image provides information beyond simple identification or showing that this image is difficult to replace by a free-licensed equivalent. Commercial third-party reusers of this image should consider whether their use is in violation of the subject's publicity rights.

Fair use //en.wikipedia.org/wiki/Craig_McCaw true

To the uploader:

Please add a detailed non-free use rationale for each article the image is used in, which must also declare compliance with the other parts of the non-free content criteria, as well as the source of the work and copyright information.
For example non-free use rationales, see Wikipedia:Use rationale examples.
This tag should only be used for images of a person, product, or event that is known to have come from a press kit or similar source, for the purpose of reuse by the media.
Additionally, if the copyright holder has granted permission, please provide further details as to the terms.
Template:Non-free use rationale may be helpful for stating the rationale.

To patrollers and administrators: If this image has an appropriate rationale please append |image has rationale=yes as a parameter to the license template.

File:Craig McCaw.png

Craig McCaw

Craig McCaw (b. August 11, 1949 in Centralia, Washington) is a Seattle-area billionaire who made his fortune as a pioneer in the cellular phone industry. He is the founder of McCaw Cellular (now part of AT&T Mobility) and the chairman of Teledesic.

Youth and the cable TV industry

McCaw's father J. Elroy was a broadcasting magnate, in the business of buying and selling TV and radio stations which brought in wealth, but also incurred significant debts. In the 1960s, Elroy McCaw had entered the cable television realm, and his four sons worked as linemen and door-to-door salesmen.

When McCaw's father died, the only company not sold to repay the debt was the small Centralia cable company (est. 2-4K subscribers), which was in trust. After his senior year at Stanford, Craig took the helm of the cable company and set out to rebuild his family name. Craig McCaw used the cash flows from his growing cable company to purchase other remote cable companies, and turned the resulting conglomerate profitable. By the 1980s, McCaw Cable Vision was the 20th largest cable carrier in the United States.

Cellular telephone industry

When the FCC lotteried off cellular licenses in the early 1980s, many ordinary Americans got rich by winning the right to establish cellular systems in cities across America. In addition to entering the lottery himself, McCaw approached many other lottery winners and bought their cellular rights, which were already considered to be undervalued. Using the same tactic he'd used in cable TV, McCaw financed an aggressive cellular expansion by borrowing against and selling shares in the cable operation. Through continued borrowing and smart management of only the most useful licenses, this wireless land grab put McCaw's operation in the position of a competitive nationwide cellular carrier before the incumbent landline telephone industry took serious notice in the field.

After acquiring MCI's cellular wing in 1986, the McCaw brothers sold the cable company to Cooke Cablevision (now part of Comcast). The combined cellular operation was a significant player in the field. In 1990, McCaw was the highest paid CEO in the United States.

In 1994, the McCaw brothers sold McCaw Cellular to AT&T for $11.5 billion. The company was renamed AT&T Wireless. AT&T Wireless was sold to Cingular in 2004 to become the nation's largest wireless carrier.

Later ventures

Later that same year, the McCaw brothers founded NEXTLINK Communications, planning to enter the broadband and internet service provider market. In 2000, the company merged with Concentric Communications and was renamed XO Communications. The company filed for bankruptcy protection in 2002.

Also in 1994, McCaw and Bill Gates teamed up to form Teledesic, with an ambitious plan to form a broadband satellite communications system with nearly 300 low earth orbit satellites. In 2002, Teledesic halted satellite production; and in 2003, it sold its spectrum licenses. The company has since severely scaled back its plans. McCaw serves as Teledesic's chairman. He also heads wireless ISP Clearwire [1].

As owner of Eagle River Holdings, Inc. McCaw has major stakes in Nextel Communications and ICO Communications.

Craig McCaw was married to Wendy P. McCaw who received a billion-dollar settlement from their mid-1990s divorce. He is now married to Susan Rasinski McCaw, the current United States Ambassador to Austria. Between 1999 and 2004, the McCaws donated over $226,000 to Republican candidates.

Quotes

"Change occurs because there is a gap between what is and what should be."

External links

@@ Line 1: / Line 1: @@
 {{Unreferenced|date=January 2007}}
+{{Non-free promotional}}
 [[Image:Craig McCaw.png|thumb|right|Craig McCaw]]